Goldman Sachs analyst Toshiya Hari upgraded NXP Semiconductors (NXPI) to Buy from Neutral while lowering his price target for the shares to $85 from $106. While uncertainties remain around NXP's competitive positioning within Automotive following the termination of Qualcomm's (QCOM) proposed takeover, the stock is now "sufficiently discounted" relative to history and peers to warrant a constructive view, Hari tells investors in a research note on the Semiconductors space where he made several rating changes. The analyst believes NXP's valuation discount to peers points to an attractive risk/reward profile. He sees margin upside if management can execute, which is not embedded in his model.

Susquehanna analyst Christopher Rolland raised the firm's price target on Impinj (PI) to $150 from $140 and keeps a Positive rating on the shares. The firm said they posted a solid print with additional upside driven by the licensing win from NXP Semiconductors (NXPI). Customer engagements and new RFID markets continue to broaden the opportunity.

BofA raised the firm's price target on Texas Instruments (TXN) to $190 from $175 and keeps a Neutral rating on the shares. TI's small Q1 beat and inline but sequentially rising Q2 sales guidance, "while modest, potentially marks a recovery inflection in industrial chip demand," with positive read-across for U.S. peers such as Analog Devices (ADI), Microchip (MCHP), NXP Semiconductors (NXPI) and On Semiconductor (ON), the analyst tells investors. However, despite an expected recovery, TI's sustained high capex intensity could keep reported calendar year 2024-26 pro-forma EPS below $6 per share, the analyst added.